Who Takes Manhattan?

Wal-Mart says it has given up on Manhattan (though it's still looking at the other four boroughs). Now JCPenney is trying to make it there. The retailer is reportedly in talks to take a space at Vornado Realty Trust's Manhattan Mall. That would put JCPenney right near Macy's 34th Street flagship and create an interesting retail dynamic in Midtown Manhattan.